BLI Banque de Luxembourg Investments Buys New Stake in Paycom Software, Inc. (NYSE:PAYC)

BLI Banque de Luxembourg Investments purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 75,500 shares of the software maker’s stock, valued at approximately $15,429,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. FMR LLC lifted its holdings in Paycom Software by 137.8% in the fourth quarter. FMR LLC now owns 2,396,452 shares of the software maker’s stock worth $491,201,000 after purchasing an additional 1,388,533 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Paycom Software by 1,153.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 401,889 shares of the software maker’s stock valued at $82,375,000 after buying an additional 369,825 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Paycom Software during the 4th quarter worth about $63,923,000. Strategic Financial Concepts LLC acquired a new stake in shares of Paycom Software in the 4th quarter worth approximately $42,893,000. Finally, Norges Bank bought a new position in shares of Paycom Software in the fourth quarter valued at approximately $21,510,000. Institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Up 0.2 %

PAYC stock opened at $227.62 on Friday. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74. The firm has a 50-day moving average of $215.96 and a two-hundred day moving average of $212.49. The firm has a market capitalization of $13.17 billion, a PE ratio of 25.58, a P/E/G ratio of 2.40 and a beta of 0.80.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, beating the consensus estimate of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. On average, equities research analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Monday, March 10th. Paycom Software’s payout ratio is 16.85%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PAYC shares. Stifel Nicolaus dropped their target price on Paycom Software from $215.00 to $187.00 and set a “hold” rating on the stock in a report on Thursday, February 13th. Barclays dropped their price objective on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. Piper Sandler upped their price objective on Paycom Software from $191.00 to $224.00 and gave the company a “neutral” rating in a report on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, StockNews.com downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $212.80.

Insider Activity at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total value of $603,030.00. Following the completion of the sale, the insider now owns 28,733 shares in the company, valued at $5,775,620.33. This represents a 9.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Randall Peck sold 3,600 shares of Paycom Software stock in a transaction on Friday, February 21st. The shares were sold at an average price of $212.19, for a total value of $763,884.00. Following the sale, the chief operating officer now directly owns 50,665 shares of the company’s stock, valued at approximately $10,750,606.35. The trade was a 6.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,100 shares of company stock valued at $1,476,024. Company insiders own 10.90% of the company’s stock.

About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.